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ScanSource Q3 Results Miss Estimates; Trims FY24 Sales Outlook

RTTNews | 479 days ago

ScanSource Q3 Results Miss Estimates; Trims FY24 Sales Outlook

(RTTNews) - Technology company ScanSource, Inc. (SCSC) reported Tuesday that net earnings for the third quarter decreased to $12.81 million or $0.50 per share from $21.22 million or $0.83 per share in the prior-year quarter. Excluding items, adjusted earnings were $0.69 per share, compared to $0.96 per share in the year-ago quarter.

On average, three analysts polled by Thomson Reuters expected the company to report earnings of $0.84 per share for the quarter. Analysts' estimates typically exclude special items.

Net sales for the quarter declined 15.0 percent to $752.60 million from $885.52 million in the same quarter last year. Analysts expected sales of $822.71 million for the quarter.

Looking ahead to fiscal 2024, the company now projects net sales of at least $3.3 billion, down from the prior forecast of at least $3.5 billion. The Street is looking for sales of $3.60 billion for the year.

ScanSource also announced a new $100 million authorization by its Board of Directors to purchase shares of the Company's common stock.

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com

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ScanSource Q4 Results Miss Estimates; Guides FY25 Sales In Line With View

ScanSource Q4 Results Miss Estimates; Guides FY25 Sales In Line With View

Technology company ScanSource, Inc. (SCSC) reported Tuesday that net earnings for the fourth quarter decreased to $16.10 million or $0.64 per share from $17.10 million or $0.68 per share in the prior-year quarter. Excluding items, adjusted earnings were $0.80 per share, compared to $0.76 per share in the year-ago quarter.

RTTNews | 367 days ago

ScanSource Q2 Results Miss Estimates; Trims FY24 Sales Outlook

ScanSource Q2 Results Miss Estimates; Trims FY24 Sales Outlook

Technology company ScanSource, Inc. (SCSC) reported Tuesday that net earnings for the second quarter increased to $32.73 million or $1.29 per share from $25.73 million or $1.01 per share in the prior-year quarter. Excluding items, adjusted earnings were $0.85 per share, compared to $1.06 per share in the year-ago quarter.

RTTNews | 570 days ago

U.S. Consumer Prices Increase In Line With Estimates In July

U.S. Consumer Prices Increase In Line With Estimates In July

Consumer prices in the U.S. increased in line with economist estimates in the month of July, according to closely watched data released by the Commerce Department on Friday. The Commerce Department said its personal consumption expenditures (PCE) price index rose by 0.2 percent in July after climbing 0.3 percent in June. The uptick matched expectations.

RTTNews | 34 minutes ago

German Unemployment Exceeds 3 Mln

German Unemployment Exceeds 3 Mln

Germany's unemployment exceeded the three million-mark for the first time in a decade in August as the prolonged period of subdued economic activity weighed on the labor market. The number of unemployed persons increased by 46,000 from the previous year to 3.025 million in August. However, unemployment fell by adjusted 9,000 compared to the previous month, while it was forecast to increase by 1

RTTNews | 1h 3min ago

U.S. PCE Price Index Increased In Line With Estimates In July

U.S. PCE Price Index Increased In Line With Estimates In July

Consumer prices in the U.S. increased in line with economist estimates in the month of July, according to closely watched data released by the Commerce Department on Friday.

RTTNews | 1h 16min ago

Slightly Weak Start Seen For U.S. Stocks; PCE Data In Focus

Slightly Weak Start Seen For U.S. Stocks; PCE Data In Focus

Lower U.S. futures point to a slightly negative start on Wall Street Friday morning.

RTTNews | 1h 32min ago

Lower Futures Pointing To Weak Start On Bay Street; Canadian GDP, US PCE Data In Focus

Lower Futures Pointing To Weak Start On Bay Street; Canadian GDP, US PCE Data In Focus

Lower Canadian and U.S. futures ahead of Canadian GDP data and U.S. personal consumption expenditure report, point to a weak start on Bay Street Friday morning.

RTTNews | 2h 10min ago

Pound Slides Against Majors

Pound Slides Against Majors

The British pound weakened against other major currencies in the European session on Friday, weighed down to a large extent by the weakness in the financial sector, amid reports of likely imposition of windfall tax on banks.

RTTNews | 2h 17min ago

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